Dear People,
My original pension that paid me approximately

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Dear People,My original pension that paid me approximately $2900/mo. from United Airlines began in June 30, 2003. I had chosen as my option for the original pension a level income with survivor benefits for my wife. I would receive a little less than the maximum amount (due to the 66% survivor beneifit)and would reduce the amount in 2013 by United equal to the amount that I would receive from social security when I started receiving soc sec at age 66 in Aug 2013. After I chose the early retirement at age 55 in June 2003, several months later my pension was terminated by UA and the PBGC . My payment was reduced to about 1600/mo. (less than a year after I retired 30Jun2003)

Now I have been notified by the PBGC that I will take ANOTHER pension reduction and my new pension will be $750/mo when I start receiving my social security in Aug 2013.I think this is immoral and illegal. I believe that when United terminated all the pensions, all the options of the plans were terminated, including survivor benefits (there will be none now, and the level income option ... can you help?jim menconiXXX@XXXXXX.XXX

Hi, I’m a moderator for this topic and I wonder whether you’re still waiting for an answer. If you are, please let me know and I will do my best to find a professional to assist you right away. If not, feel free to let me know and I will cancel this question for you. Thank you!

From what you stated, it appears that the amount that your pension will be reduced by (from $1600 to $750) is likely the amount that you will be receiving in social security benefits when you reach the age of 66 in August of 2013.

not very pleased with your answer. I no longer have a pension provider. Will ERISA help with the PBGC? I already have the info for the appeal thru the PBGC. I was hoping more for facts regarding a contractually guaranteed pension being actually guaranteed even with the company terminating the obligations it wants and ignoring the rest. I do not believe this was worth $69.

So, let me understand this. Even though I have been receiving retirement benefits, albeit diminished, since 2003, I can file a form or do I write a letter explaining my situation. And this would be sent to the U.S. Department of Labor | Frances Perkins Building,XXXXX NW, Washington, DC 20210.Is this correct?

thank you for your help. I am more pleased now than before. To your knowledge has the DOL ever approved appeals for increased benefits? And if even after a lost appeal would it be prudent to get an attorney at that time?

The Department of Labor doesn't have the authority to approve appeals for increased benefits, only the courts could do that. They would need to file suit on your behalf, and can most likely, only assist you with your appeal.

I think it would be prudent to get an attorney, or at least speak to one, if you lose your appeal.

I will tell you that...the things you have to go through to be an Expert are quite rigorous.

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